Belding India Limited has intimated a change in management regarding the regularization of an additional director. This disclosure is made to BSE Limited in continuation of previous intimations dated May 22, 2026 and July 22, 2026, and in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Members of the Company approved a Special Resolution through Postal Ballot remote e-voting to regularize Mr. Rajesh Chandrakant Vaishnav (DIN: 00119614) as Non-Executive Independent Director. The resolution was proposed in the Postal Ballot Notice dated July 22, 2026, and the remote e-voting period concluded on Friday, August 21, 2026, at 05:00 P.M. (IST).

Director Appointment Details

  • Reason for change: Change in designation of Mr. Rajesh Chandrakant Vaishnav as a Non-Executive Independent Director of the Company
  • Date of appointment: May 22, 2026
  • Term of appointment: Five (5) consecutive years, commencing from May 22, 2026 up to May 21, 2031 (both days inclusive)

Director Profile

Mr. Rajesh Chandrakant Vaishnav is a seasoned entrepreneur with over 27 years of business experience and is regarded as a pioneer in India's greeting card industry. He is the Founder of Vintage Cards and Creations Limited, a company formerly listed on BSE and NSE, and was the sole licensee of Hallmark Cards Inc., USA in India. Under his leadership, the business expanded to over 375 retail outlets across 110 cities in India and neighboring countries including Bangladesh, Sri Lanka, and Nepal.

Mr. Vaishnav is a Commerce graduate with a Master's degree in Business Administration and possesses extensive expertise in Indian company laws. He has been actively involved in multiple mergers and amalgamations. Over the past decade, he has been engaged in real estate development, including land plotting and residential projects spanning approximately 80 acres in and around Pune.

Additional Information

  • No relationships between directors requiring disclosure were applicable
  • The disclosure includes details as required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • The company's registered office is at 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India
  • Company CIN: L63119PN1984PLC248366

This management change represents the formal regularization of a director who was initially appointed as an Additional Director and has now been confirmed through shareholder approval via postal ballot.